Financial Independence: A Definitive Method
Simmie A. Adams, Ph.D., SCM,PMP,PCC,CSSGB,Prosci,OARs,Pilot
Organizational, Business, Team, and Individual Performance Development Specialist
Many people become really good at what they do. As a consequence of obtain expertise in an industry, the person starts a company. They say, I now work for myself as opposed to someone else. FANTASTIC!!!!
A point to understand is the person has merely transferred from one type of job to another. With that point made, starting a company as a service provider, and working for yourself as opposed to someone else is a good start to realizing financial independence.
Many people do not know how to move their company forward to a higher level of performance.
One way is through marketing to achieve business growth goals. In essence, you create a demand for your services. When the demand increases, you get more work, and your revenue goes up. Eventually, the demand is so high you cannot handle it by yourself.
As one obtains more work than they can handle by themselves, expansion requires by acquiring more resources. In this case, more employees to hand the increased workload. Hiring people through controlled growth so your company can handle increased sales is one way to financial independence.
Another way toward financial independence if you are in a service business is creating a duplicatable business model. This duplication can be challenging because typically, the business is in your area of expertise, and you are the business. So, this way to achieve financial independence is by figuring out a way to train others to do what you do so you can work on your business rather than work in your business.
Both methods are about multiplying your time by leveraging other people’s time! It is the essence of the book, Rich Dad! Poor Dad!
Keep in mind the saying, no really worthwhile goal is normally easy to achieve. The point to understand is the saying does not say, it is impossible to achieve a really worthwhile goal.
So, some questions are:
· What is your really worthwhile goal that you are both able and willing to achieve?
· What is holding you back from achieving that really worthwhile goal?
· What might be some first steps you can take to achieve that really worthwhile goal?
Unleash your Tiger?! Work the plan for financial independence
For more information about Dr. Simmie A. Adams ---> The Consortium of Scientific Practitioners
Dr. Simmie A. Adams: With over 30 years of enabling organizations and individuals to achieve their highest potential, Dr. Adams is considered an expert in developing high performance organizations, teams, and individuals because of the results his clients realize. He is a U.S. Army veteran with both Regular Army and Special Operations experience. His education culminated with a PhD specializing in Industrial and Organizational Psychology as well as includes being an Elite Career/Business/Life Coach through the International Coaching Federation.
To connect to Dr. Simmie Adams:
Office: 480-447-2204
Million £ Masterplan Coach | Helping Established Small Businesses (over £200K+) Grow & Scale To Either Expand or Exit Using the 9-Step Masterplan Programme | UK #1 Business Growth Specialists
3 年Insightful?Simmie, thanks for sharing!
Founder & Bibliotherapist, Executive Coaching & Consulting - You decide the goal - I help you reach there! | Backed by an experience of 30 yrs. | Coached & Trained 500,000 people
3 年Good information Simmie A. Adams, Ph.D., ACC, PMP, Prosci, OARs, Pilot It's all about financial literacy. People almost always end up outsourcing the financial management part to someone else.
Owner of Davis IOP Consulting and Adjunct Professor @ Purdue University Global | Lecturer Psychology of Leadership & Workforce Management
3 年Good information, Simmie A. Adams, Ph.D., ACC, PMP, Prosci, OARs, Pilot!
Organizational, Business, Team, and Individual Performance Development Specialist
3 年Rtn. Sree Kumar Torrey Davis, RCR, CCWS, MSIOP, Ph.D. Candidate